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Nov 22, 2012
11/12
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FBC
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you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone feels they should that they should be on food stamps. when you look at the costs, within about two years, texas at the federal level are going to go just to pay for entitlement programs that have no money left over to pay for all of the other programs of the government. and i find it very suspicious and interesting as you do that here we have been talking about this for the last couple of weeks and nobody is talking about reforming these things. >> here is the thing. my idea is let them out there. you have a couple of years to do damage control.
you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone...
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Nov 19, 2012
11/12
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FBC
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as the country comes closer to the fiscal cliff. tax rates spike, extra taxes on dividends from the list goes on and on. the economy is headed into a recession if it's not already there. consumers don't have a crystal ball that is quite revealing. $3500 in taxes per household next year, but as washington knows, there are lots of ways to skin a cat. someone capitol hill are talking about reducing or eliminating deductions to raise revenue. to be sure, some americans will find that painful. here is to engage with the mouse. take a look at this. california from the average tax deduction for people who do file the itemized form are $33,901. new york, washington dc, connecticut, new jersey. really getting hit hard as well. they have the biggest tax deductions. i know some folks think that if you remove those tax credits and deductions, then we lose the progressivity of the tax code. in other words, they say it would become even more unfair. even after credit to deduction, the taxes of them is still progressive. check out this chart. ther
as the country comes closer to the fiscal cliff. tax rates spike, extra taxes on dividends from the list goes on and on. the economy is headed into a recession if it's not already there. consumers don't have a crystal ball that is quite revealing. $3500 in taxes per household next year, but as washington knows, there are lots of ways to skin a cat. someone capitol hill are talking about reducing or eliminating deductions to raise revenue. to be sure, some americans will find that painful. here...
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gerri: is the writing on gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit downwn with republicans, he did ta to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tommcclintock of califnia. a member of the budget coittee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakth
gerri: is the writing on gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit downwn with republicans, he did ta to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tommcclintock of califnia. a member of the budget coittee. if you for joining us today. you know, we heard about this telephone call between...
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Dec 8, 2012
12/12
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KPIX
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economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market
economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a...
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118
Nov 14, 2012
11/12
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FBC
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facing a fiscal cliff. a very big issue. one of the things that might come about of washington is maybe what we do is take away the mortgage deduction. is that a threat to the market? >> suddenly the iscal cliff is the number one threat to the market. forget to recession, we are back into housing market crisis, no doubt about it by the way, if weon't sole the fiscal problems goin forward, we have an interest ras by kenaf future. so out. gerri: we cannot win for trying. >> exactly 56 can't win either way. other people talk about the possibility of another recession . i guess you could call it a double dip. it does not feel like we ever t out of thelast. do you see receson as a bi threat to the housing market? >> not if that this booklet is handled proprly. if we have a huge set of government spending cuts and tax increases, certainly a recession would be a problem for the housing market. on the other hand to mouth we have to be careful not to trade one set of tax hikes for another. you mentioned mortgage interest reduction. a
facing a fiscal cliff. a very big issue. one of the things that might come about of washington is maybe what we do is take away the mortgage deduction. is that a threat to the market? >> suddenly the iscal cliff is the number one threat to the market. forget to recession, we are back into housing market crisis, no doubt about it by the way, if weon't sole the fiscal problems goin forward, we have an interest ras by kenaf future. so out. gerri: we cannot win for trying. >> exactly 56...
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Nov 18, 2012
11/12
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FOXNEWS
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. >> chris: governor gipped jindjindal,what are about the de going on if washington now about the fiscal cliff? president obama says look, let's extend the bush tax cut, lower tax rate for 98% of all taxpayers, including the middle class. why would about middle class voter look at that and say these guys, the g.o.p. are all about protecting the rich? >> we are not the party of big, big banks, big bail-out. we are for a lower, flatter, simpler tax code. there are ideas to limit reduction for wealthy and limit carve-out. we need to make it clear we are not if party to protect the rich. they protect themselves. we want pro-growth policies. let the democratic party be growing, government growing revenues. grow the private sector economy. it can still be progressive. get rid of the calf-out and special treatment. when it comes to a fiscal cliff. i was in congress. we need structural changes. they have a super majority vote before they raise taxes. without structural changes we are not getting anywhere. this is kicking the can down the road. we don't need to abandon principles. >> chris: gover
. >> chris: governor gipped jindjindal,what are about the de going on if washington now about the fiscal cliff? president obama says look, let's extend the bush tax cut, lower tax rate for 98% of all taxpayers, including the middle class. why would about middle class voter look at that and say these guys, the g.o.p. are all about protecting the rich? >> we are not the party of big, big banks, big bail-out. we are for a lower, flatter, simpler tax code. there are ideas to limit...
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Dec 12, 2012
12/12
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MSNBCW
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we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a deliberate talk. >> the key is to make sure the taxes go up on the high end individuals like you and me, barbara. we can afford it. >> they're going to have to cave in on this rate increase on the rich. >> we're going to stay here right up until christmas eve. >> the time is running short. >> merry cliffmas. ♪ >>> bundle up, everybody. because it is cold out there. and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he h
we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a...
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Nov 25, 2012
11/12
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CNNW
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the machinumber one issuing fac them all is the fiscal cliff, now just 31 days away. athena jones is live in washington this morning. we saw the president get involved before the holiday break. what is the plan in terms of meeting again with congressional leaders? >> reporter: good morning, randi. you are probably sick of hearing about the fiscal cliff bushgt this is the most important thing facing them heading into next year. we know the president is going to be meeting with members of congress again, the congressional leadership of both sides and both chambers just as did he the friday before thanksgiving. eventually. the keyword there is eventually. there's not yet a meeting on his public schedule, but we know that after that meeting, that friday before thanksgiving, leaders of congress on both sides came out and talked in positive terms about the idea that they -- this was a constructive meeting that, they knew where they stood, they knew what they had to do, they knew what their responsibilities were. there were cornerstones of being able to work out a deal. we a
the machinumber one issuing fac them all is the fiscal cliff, now just 31 days away. athena jones is live in washington this morning. we saw the president get involved before the holiday break. what is the plan in terms of meeting again with congressional leaders? >> reporter: good morning, randi. you are probably sick of hearing about the fiscal cliff bushgt this is the most important thing facing them heading into next year. we know the president is going to be meeting with members of...
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Dec 26, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 27, 2012
12/12
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all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with in-laws because of the weather. south african president nelson mandela is out of the hospital. the 94-year-old will receive home-based care. he is recovering from a lung infection and a procedure to remove gall stones. toyota agreed to a $1.1 billion class action settlement over complaints that cars accelerated without warning. owners of 16 million toyota, lexus and sion vehicles will be eligible depending on the make and the model. what a story that was years ago. with gridlock in capitol hill synonymous, there lessons to be learned from dwight eisenhower's success in working by the opposing part
all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with...
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Dec 5, 2012
12/12
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MSNBCW
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listen to "the washington post" reporter and author bob woodward discussing the deadlock over the fiscal cliff. take a listen. >> it's groundhog day. who's playing bill murray? and i mean, such a repetition. it's the same players at the same seats at the table with same doctrine and so, you know, where this goes -- i think anyone who thinks they know is wrong. >> so what does your gut tell you? anyone who thinks they know where this is going is wrong. go to facebook.com/newsnation to cast that vote. that does it for this edition of "news nation." see you tomorrow. "the cycle" is up next. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i am the ghost of cookies past. residue. so gross. well you didn't use new pam, so it looks like you're "stuck" with me. [ female announcer ] bargain brand cooking spray leaves annoying residue. that's why there's new pam. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. ju
listen to "the washington post" reporter and author bob woodward discussing the deadlock over the fiscal cliff. take a listen. >> it's groundhog day. who's playing bill murray? and i mean, such a repetition. it's the same players at the same seats at the table with same doctrine and so, you know, where this goes -- i think anyone who thinks they know is wrong. >> so what does your gut tell you? anyone who thinks they know where this is going is wrong. go to...
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Nov 30, 2012
11/12
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FBC
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you have to hear what he ays about the fiscal cliff. closing bell ringing in 39 minutes. can washington get its act together? nebraska, they are calling it, though farming cliff. all these subsidies for their farming. how that state is dealing with all the uncertainties. a fox business exclusive. we will wrap up our governors on the edge series. only on fox business. ♪ liz: are you sick of the fiscal cliff, i know. it is a huge topic of conversation. how about this twist on it. though farming cliff. they want lawmakers to include a farming subsidy and deal discussions. how will this impact the state that has 93% of its land area used by farms and ranches. that is nebraska. we have dave heineman in a fox business exclusive. what a headache for you. we have been talking to governors all week long. everyone has their own story. yours, in particular, is extremely worrisome. explain what would happen if we go over the fiscal cliff. >> well, first of all, let me say good afternoon. it is always great to be with you. i am concerned not only about the farming cliff, but the ove
you have to hear what he ays about the fiscal cliff. closing bell ringing in 39 minutes. can washington get its act together? nebraska, they are calling it, though farming cliff. all these subsidies for their farming. how that state is dealing with all the uncertainties. a fox business exclusive. we will wrap up our governors on the edge series. only on fox business. ♪ liz: are you sick of the fiscal cliff, i know. it is a huge topic of conversation. how about this twist on it. though farming...
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Nov 30, 2012
11/12
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FBC
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how do you proceed when there is this echo chamber out of washington d.c. about the fiscal cliff? >> what you need to realize is regardless of where they end up, they have reduced standing and high taxes. you get a lot of noise. what i am seeing that is very bullish for us is the fact that there's a lot of intraday swinging, we got weeks, the market is holding up extremely well and what everyone has priced in is the government is going to be keeping more of our money and giving benefits but what also factored in is the fact that real-estate has turned a corner and that is a much bigger driver of next year's growth and there might be some uncertainty everyone believes even if we go over the cliff they will get to resolution a couple weeks after that and the market might need to go 500 points to get them to do something they will still do something. dave: a very interesting point. the market has priced this volatility inside. i am wondering how far the pricing goes. for example because the demands from the white house were so extreme there were no spending cuts at all except that pr
how do you proceed when there is this echo chamber out of washington d.c. about the fiscal cliff? >> what you need to realize is regardless of where they end up, they have reduced standing and high taxes. you get a lot of noise. what i am seeing that is very bullish for us is the fact that there's a lot of intraday swinging, we got weeks, the market is holding up extremely well and what everyone has priced in is the government is going to be keeping more of our money and giving benefits...
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Nov 18, 2012
11/12
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FOXNEWSW
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. >> governor jindal, about what the debate going on in washington right now about the fiscal cliff. president obama says let's extend the bush tax cuts, the lower tax rates for 98% of all taxpayers, including the middle class right now. i'll sign it today and took out his pen at the news conference. and the republicans saying, no, no, no, we can't do that until we decide what we are going to do with the top two percent of taxpayers. why wouldn't a middle class voter look at that and say these guys in the gop are all about protecting the rich? >> chris, two things. one, we as a republican party need to make it very clear, and we are going to make it very clear we around the party of big. business businesses, big banks, big wall street, big bailouts. when it comes to the tax code, we are for a lower, simpler, platter tax code. you there were ideas to limit deductions for the wealthy, there have been ideas to get rid of some of these things but we aren't the party trying to broke the rich. they can protect themselves. we are the party that wants pro growth period. let the democratic pa
. >> governor jindal, about what the debate going on in washington right now about the fiscal cliff. president obama says let's extend the bush tax cuts, the lower tax rates for 98% of all taxpayers, including the middle class right now. i'll sign it today and took out his pen at the news conference. and the republicans saying, no, no, no, we can't do that until we decide what we are going to do with the top two percent of taxpayers. why wouldn't a middle class voter look at that and say...
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Dec 29, 2012
12/12
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FOXNEWSW
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i wonder if the weather will delay flights into washington for the fiscal cliff discussion this weekend on capitol hill. we'll see whether they make it back to washington the members of congress. straight ahead, disturbing new intelligence tonight. there is new information about north korea and we have the pictures to back it up and you will see the photos for yourself. that's next. and also on a much lighter note, videos gone viral. it is impossible to escape the call me maybe phrase. go to greta wire .com and post your picks. coming up see if your favorite made our list. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. they don't help single moms. hi! hi! [ sarah ] what h
i wonder if the weather will delay flights into washington for the fiscal cliff discussion this weekend on capitol hill. we'll see whether they make it back to washington the members of congress. straight ahead, disturbing new intelligence tonight. there is new information about north korea and we have the pictures to back it up and you will see the photos for yourself. that's next. and also on a much lighter note, videos gone viral. it is impossible to escape the call me maybe phrase. go to...
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should they stay in washington until the fiscal cliff is resolved? 87% of you said, yes, and 13% said no. log on to gerriwillis.com for the online question every weekday. finally, president obama is meeting with everybody these days other than republicans on the fiscal cliff like progressive members of the media, and by that, msnbc anchors like al sharpton, and he's the perfect guy to talk about taxes, part of the 2%, making $250,000 a year from the national action network, and earns money from msnbc, and he knows not how to pay taxes,. he has a million more in state taxes. that's just him. his group owes $800,000. this is not the first time he shortchanged uncle sam. twenty years ago, pleaded guilty
should they stay in washington until the fiscal cliff is resolved? 87% of you said, yes, and 13% said no. log on to gerriwillis.com for the online question every weekday. finally, president obama is meeting with everybody these days other than republicans on the fiscal cliff like progressive members of the media, and by that, msnbc anchors like al sharpton, and he's the perfect guy to talk about taxes, part of the 2%, making $250,000 a year from the national action network, and earns money from...
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Nov 27, 2012
11/12
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MSNBCW
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the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the
the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being...
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Dec 29, 2012
12/12
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may be divide over the fiscal cliff but will be united sunday night around the television site. jim moran admits they will be watching another battle, washington and dallas play tomorrow night. we'll be voting sunday night and probably watching the skins cowboy gave in the cloak room. >> the title game starts tomorrow night . those are the top stories, molly, back to you >> december, and watching football matters. >> they will have a nice wet field since it is it pouring wet snow. >> are you praying that rg3's knees are okay. >> thee is a tough kid. >> we need a big performance. >> president obama gave senate leaders a plan to avoid the fiscal cliff. if we go over the cliff, many of you decided who is to blame. 44 percent blame republicaning in congress. here to help us sort it out is the republican strategist and former iowa press secretary. you saw the poll on who gets the blame for this according to rasmusin . does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't think either side wants th
may be divide over the fiscal cliff but will be united sunday night around the television site. jim moran admits they will be watching another battle, washington and dallas play tomorrow night. we'll be voting sunday night and probably watching the skins cowboy gave in the cloak room. >> the title game starts tomorrow night . those are the top stories, molly, back to you >> december, and watching football matters. >> they will have a nice wet field since it is it pouring wet...
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Dec 12, 2012
12/12
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FOXNEWSW
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you know, we are talking in washington about the fiscal cliff and raising taxes on the wealthy. taxes on the wealthy are going to go up january 1st regardless what happens with the fiscal cliff. the medicare tax on higher earnersers is going up and a steep tax on investment income. >> going up 3.8% on top of it. so the rich people who have -- who are high earners, their income will probably go up. and then they also, if they have investment income, it goes up 3.8% so they are paying more that way, and they are paying more on a medicare tax. so the democrats say the rich aren't paying more. and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have lobbyists and
you know, we are talking in washington about the fiscal cliff and raising taxes on the wealthy. taxes on the wealthy are going to go up january 1st regardless what happens with the fiscal cliff. the medicare tax on higher earnersers is going up and a steep tax on investment income. >> going up 3.8% on top of it. so the rich people who have -- who are high earners, their income will probably go up. and then they also, if they have investment income, it goes up 3.8% so they are paying more...
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Nov 29, 2012
11/12
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CNNW
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when the reality is that millions of americans have already gone over the fiscal cliff. and so this is a conversation that in some regards is a waste of time in washington, we ought to be talking about creating jobs and not about deficit reduction. it troubles me when the president himself even seems to go for that line about deficit reducti reduction. it ought to be about job kraeks. >> is he being bold enough? because the one thing everybody hoped, president obama, second term, would come out fighting and swings and be the obama they came out voting for four years ago. and this moment, it doesn't strike me as being too audacious. >> one thing i hoped he wouldn't create in the second term, too much compromise, capitulating to the republicans, everybody saw what he was up against in the first term. and i just don't want to see him again let the republicans clean his clock. over the past couple of days, irskin bowles said earlier today, i saw on the internet that when he met with the president, the president signalled he may be willing to talk about the raising of taxes.
when the reality is that millions of americans have already gone over the fiscal cliff. and so this is a conversation that in some regards is a waste of time in washington, we ought to be talking about creating jobs and not about deficit reduction. it troubles me when the president himself even seems to go for that line about deficit reducti reduction. it ought to be about job kraeks. >> is he being bold enough? because the one thing everybody hoped, president obama, second term, would...
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Dec 17, 2012
12/12
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the fiscal cliff negotiations seem small, petty and resolvable. >> and very solvable. in fact, you have seen big concessions -- >> all of a sudden this thing -- >> including, including raising the debt limit, raising the top rate on people with -- you can see where the compromise is. that's right. and how could we justify not coming -- >> having this conversation. >> -- this argument -- yeah. yeah. >> the question is does it last after the new year. >> there is clear public -- public opinion is behind it. people are behind it. this is the right moment. >> problem is, public opinion in general and public opinion in the republican congressional districts which is a different america. thank you all. thank you for the discussion. we'll be live in newtown, connecticut after the break. loc. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to s
the fiscal cliff negotiations seem small, petty and resolvable. >> and very solvable. in fact, you have seen big concessions -- >> all of a sudden this thing -- >> including, including raising the debt limit, raising the top rate on people with -- you can see where the compromise is. that's right. and how could we justify not coming -- >> having this conversation. >> -- this argument -- yeah. yeah. >> the question is does it last after the new year. >>...
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Dec 27, 2012
12/12
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now to the quickly approaching fiscal cliff. tonight president obama and lawmakers are heading back to washington. but do they have enough time left to strike a deal in congressmen tray joins us. hi, tray, a pleasure to see you tonight. >> you too. merry christmas. >> merry christmas. unfortunately we still have the fiscal cliff looming over our head. a lot going on. talk about whether or not we can't get some kind of bipartisan approach. there is some kind of discussion that there might be a deal coming up. tell us what you know. >> i assure you that there will be a resolution either before the new year or shortly after the new year. that's the good news, that there will be a deal. the bad news for you and your viewers is that there won't be a solution. it will be a pan sea or some magical elixor that makes us all feel better. but shortly after we will get a letter from geithner asking us to raise the debt ceiling for the 80th time in our country's history. there will be a deal to, quote, avert the fiscal cliff. your viewers sh
now to the quickly approaching fiscal cliff. tonight president obama and lawmakers are heading back to washington. but do they have enough time left to strike a deal in congressmen tray joins us. hi, tray, a pleasure to see you tonight. >> you too. merry christmas. >> merry christmas. unfortunately we still have the fiscal cliff looming over our head. a lot going on. talk about whether or not we can't get some kind of bipartisan approach. there is some kind of discussion that there...
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Jul 26, 2012
07/12
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let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk seriously about the issues, i tried to response to questions you raised, you changed the subject. i think you need some tax increase, some cuts in the military, and some cuts on domestic spending. the problem you have and you say i blame the bush administration, i didn't blame them, i embraced it -- >> but you just said a minute ago the replicans squaurted any chance of getting anything done. rewind the tape. >> you're not going to do this, you're not going to mistake what i said and stop me off from responding. i didn't say they squa
let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk...
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Aug 15, 2012
08/12
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if you look at the fiscal cliff, the political shenanigans in washington, the political indecision in europe, if we have a reasonable compromise in washington you could see a nice move upward on equities in the united states, maybe less so in europe but europe stock picking is more important than just looking at the region. >> i think it was an irishman that coined the phrase shenanigans. mark, it feels like the market is silently rooting for lackluster economic data. this morning better than expected home builder sentiment, industrial production up and it feels like the market wants something to be lackluster and brings the fed in to play. am i reading this correctly? >> you're absolutely correct. this entire -- the last melt-up we have experienced is all really due to hopes for qe both here domestically and over in europe. once draghi said that the eurozone doing whatever it takes for the euro to survive is when we saw the rally. i guess we are looking for poor economic data right now in hopes of qe and the wrong thing for investors hoping for. >> certainly is. moving higher for six
if you look at the fiscal cliff, the political shenanigans in washington, the political indecision in europe, if we have a reasonable compromise in washington you could see a nice move upward on equities in the united states, maybe less so in europe but europe stock picking is more important than just looking at the region. >> i think it was an irishman that coined the phrase shenanigans. mark, it feels like the market is silently rooting for lackluster economic data. this morning better...
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Oct 19, 2012
10/12
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again waiting until the last second to address the fiscal cliff a long time coming; right? no surprise there. going back to what the guest said, this all comes down to president obama's political ideology of taxing the rich and giving to people who he thinks benefit from that money, but the fact is that if the cuts are not extended to everyone, middle class families who president obama has been out on the campaign trail saying he's standing up for sees a tax increase of $3500. now, say they extend the cuts for those under the $250,000 mark. well, it's still affecting the middle class -- neil: no doubt. i try to understand this strategy here, and the part of it is that he will hang on that, the president and republicans, you mean to tell me that you'll sacrifice taxes for everyone who is not rich like you, and everything that goes along with this just to protect your friends, and if you want to go on your doorstep. how are republicans, then, going to agent in response? >> this is almost an impossible thing to defend if you're a republican because you're trying to defend the
again waiting until the last second to address the fiscal cliff a long time coming; right? no surprise there. going back to what the guest said, this all comes down to president obama's political ideology of taxing the rich and giving to people who he thinks benefit from that money, but the fact is that if the cuts are not extended to everyone, middle class families who president obama has been out on the campaign trail saying he's standing up for sees a tax increase of $3500. now, say they...
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Dec 6, 2012
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are getting an earful about why they need to avoid the so- called "fiscal cliff." >> you got it nail this down. uncertainly is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks but bush-era tax cuts must be extended to all americans. >> reporter: the standoff and debt concerns ryan. so much so, that he is the guy if the suit dancing gangnam style with former senator alan simpson. the group the can kicks back is working to get young people involved in fix
are getting an earful about why they need to avoid the so- called "fiscal cliff." >> you got it nail this down. uncertainly is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white...
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Sep 28, 2012
09/12
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so-called fiscal cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would be if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the ionomy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. bor the labor department says the economy actually
so-called fiscal cliff, the spending cuts and tax hikes that will kick in next year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing...
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Nov 30, 2012
11/12
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tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's daily brief before she made her misleading statement about the cause of the september 11 attacks. now back to my colleagues at "the five." ♪ ♪ >> brian: this is a senior and has autism and other development issues and a t place kicker, which is extraordinary. having a rough season. but anthony led the team to upset victory. here is how it sounded. [ cheering ] >> brian: this game-winning field goal is a hit on youtube ever since. what is amazing, this kid loves rutgers. he used to sit in the stands. developmentally around 12 years old. going to high school and beloved by everybody. sitting in the stands watc
tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's...
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Dec 5, 2012
12/12
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the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of you
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal...
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Dec 17, 2012
12/12
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cliff. it is hardly being mentioned right now. late this afternoon word leaked in washington that the republican speaker of the house john boehner agreed to have taxes to go up for top earners from the 35-36 percent. i think it's 36 percent. only those making over 1 million a year not the 250,000 a year the president is requesting. kirsten powers fox news political analyst joins us as alice stewart republican strategist who covered the jones borough arkansas school shooting. you remember that one about 15 years ago when mike huckabee was the governor. we are here with bret baier earlier. you want to comment on the president's speech about the political nature of it? sounded like it was full of something you didn't know quite what. where are you going with this? >> i really have to disagree with people who call it political that you don't think you can tolerate it any more. they are saying nowhere they allow things to go on. the parents especially. >> you go hopefully saying a commission on g
cliff. it is hardly being mentioned right now. late this afternoon word leaked in washington that the republican speaker of the house john boehner agreed to have taxes to go up for top earners from the 35-36 percent. i think it's 36 percent. only those making over 1 million a year not the 250,000 a year the president is requesting. kirsten powers fox news political analyst joins us as alice stewart republican strategist who covered the jones borough arkansas school shooting. you remember that...
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Dec 17, 2012
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. >> you know that argument about the fiscal cliff is raging here in washington. another potential show down is underway. this one is about how to fund the recovery from hurricane sandy. the senate gandhi bait over a suppleme -- senate debated. house republicans and fiscal conservatives are resisting saying sandy relief money needs to be offset with cuts elsewhere. >>> as the fracking revolution continues to boom here in the u.s. the energy department is hard at work on a proposal they say would maximize profits by exporting natural gas. a senior correspondent john roberts reports it is a situation setting up unusual partnerships. >> when is success a bad thing? just ask the natural gas industry. the shale gas revolution fracking as it is called has been so successful the u.s. has been swamped. >> shale gas took off the domestic crisis plunged $14 per mill to as low as 2. the gas industry asked the feds permission to build 13 terminals to liquefy natural gas for the lucrative export market. >> by exporting we create more jobs and create more economic activity and
. >> you know that argument about the fiscal cliff is raging here in washington. another potential show down is underway. this one is about how to fund the recovery from hurricane sandy. the senate gandhi bait over a suppleme -- senate debated. house republicans and fiscal conservatives are resisting saying sandy relief money needs to be offset with cuts elsewhere. >>> as the fracking revolution continues to boom here in the u.s. the energy department is hard at work on a...
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Dec 6, 2012
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is on the looming fiscal cliff. president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in april and october as required by law. the white house wouldn't explain the last to us, the source says the federal agencies are in the process of pulling together that information. bret? >> bret: thank you. there are a lot of extremely happy people in washington state tonight at the stroke of midnight, hundreds lit up under the seatt
is on the looming fiscal cliff. president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by...
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Jul 19, 2012
07/12
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i began by asking him on his comments about the looming fiscal cliff. >> i was really struck by what you said, you said oh they will deal with it, meaning leadership in washington, but the question is will they deal with it before the crisis or after the crisis. so if they don't deal with it, we will have a crisis, is that what you're saying? >> absolutely, it's the most inevitable thing you have seen. this huge fiscal problem starring us in the face, and the markets giving us plenty of time to deal with it, and i think the reason is market is giving us so much time, is we are a rich economy. and what the bowles-simpson recommendation showed is that we can spread around so no one sector sacrifices too much. so this is in many ways, much more of a government crisis than a economic crisis. but another thing we said, and bob rubin and i said the same thing, it's impossible to know when the market will turn. but when it does, it will do to with a vengeance. >> in a way we're distracted by this fiscal cliff. the prize is growth, and the issue is competitiveness when we talk about the long
i began by asking him on his comments about the looming fiscal cliff. >> i was really struck by what you said, you said oh they will deal with it, meaning leadership in washington, but the question is will they deal with it before the crisis or after the crisis. so if they don't deal with it, we will have a crisis, is that what you're saying? >> absolutely, it's the most inevitable thing you have seen. this huge fiscal problem starring us in the face, and the markets giving us...
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Nov 28, 2012
11/12
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are we not going to come to a resolution of the fiscal cliff? you've been watching this a very long time. >> i have, and i think the tragedy of this is that there's a deal to be had, and it does not involve all that much. it involves significant pain for almost everybody, but you're not going to do it without bringing that pain to both sides, and the real trouble we've got now is that we've got a try -- tribal atmosphere. it's a question whether obama and the surrogates can take a message back to the troops who are dug in hard and basically say we had to give this up, but we got that in return. it's the classic give and take. gerri: it's interesting. i see what you're saying. i understand your point, but the president is not even involved in the negotiation, at this point. he's traveling, doing other things. should he be at the table? would it improve his hand if he, himself, were there? >> you know, he did that kind of negotiates with boehner the last time over the debt limit. i think what you're seeing now with a president who got re-elected w
are we not going to come to a resolution of the fiscal cliff? you've been watching this a very long time. >> i have, and i think the tragedy of this is that there's a deal to be had, and it does not involve all that much. it involves significant pain for almost everybody, but you're not going to do it without bringing that pain to both sides, and the real trouble we've got now is that we've got a try -- tribal atmosphere. it's a question whether obama and the surrogates can take a message...
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Dec 2, 2012
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. >> an we think things don't get done in washington. what about the fiscal cliff? do you think we will go over it? what does it mean? we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous volatility. this time of year we get santa claus rally, the stocks will rally until the end of the year. but if the taxes go on, on capital gains and dividends, people will start to sell now to have the better, more preferential tax treatment than afterwards. we may see selling in first of the year. >> eric: long-term, think long-term. once we get past that. what will the effect be? what if taxes on dividends go up? >> this is incredible disincentive. especially on the capital gains. to take the risk of investing. when you say long-t
. >> an we think things don't get done in washington. what about the fiscal cliff? do you think we will go over it? what does it mean? we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on...
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Nov 26, 2012
11/12
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now with five weeks before the so-called fiscal cliff deadline, new signs republicans could be ready to compromise democrats' demands to raise taxes on the wealthiest americans. "the washington post" is calling it the gop's read my lips moment as several top republicans are willing to break grover norquist's tax debt. >>> t >> a pledge you signed 20 years ago, 18 years ago is for that congress. >> you know, that pledge i signed 20 years ago was valid then. it's valid now, but times have
now with five weeks before the so-called fiscal cliff deadline, new signs republicans could be ready to compromise democrats' demands to raise taxes on the wealthiest americans. "the washington post" is calling it the gop's read my lips moment as several top republicans are willing to break grover norquist's tax debt. >>> t >> a pledge you signed 20 years ago, 18 years ago is for that congress. >> you know, that pledge i signed 20 years ago was valid then. it's...
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Nov 29, 2012
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cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. >> we have done our part. we have put revenues on the table. something that we dtdn't do two yearyears ago during the debt ceiling negotiations. >> sean: we'll get into what, quote, unquote, revenue really means, and whether it includes tax hikes. as you just heard from the republican leadership they're offering up real solutions on how to avoid falling often the so-called fiscal cliff. the president however still thinks he's out there on the campaign trail, in fact using the
cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's...
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Dec 6, 2012
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the big story is the on going war in washington and throughout the country on the impending fiscal cliff. tonight on "special report," president obama visits a middle class family in virginia to emphasize the need for extending bush era tax cuts for all but the top 2%. republicans want to focus on spending cuts. the president is resisting. we'll explore that. one of the senate top conservative is leaving. south carolina tea party favorite jim demint is resigning. he will become the head of the hair tage foundation think tank. we'll talk to him live. new worries tonight about chemical weapons in syria. u.s. officials told foxyian officials -- syrian officials have loaded it on canisters to be dropped from above. on a lighter side why simpson is dancing like this to promote fiscal reform. "special report" from washington starts at 6:00 eastern now. back to new york and my colleagues with "the five." ♪ ♪ >> andrea: welcome back to "the five." well, you are looking live at the national christmas tree lightinger? washington, d.c. any minute, the president will be lighting the 48-foot spru
the big story is the on going war in washington and throughout the country on the impending fiscal cliff. tonight on "special report," president obama visits a middle class family in virginia to emphasize the need for extending bush era tax cuts for all but the top 2%. republicans want to focus on spending cuts. the president is resisting. we'll explore that. one of the senate top conservative is leaving. south carolina tea party favorite jim demint is resigning. he will become the...
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Nov 20, 2012
11/12
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but first some details on the fiscal cliff negotiations. >> let's go through this really quick. here's what we know, we hear from our sources in washington, these are good sources, they're getting this directly from the legislative leaders themselves or the staffers on the various committees that the republicans appear willing to raise taxes on the wealthiest part of the deal, the upper brackets are clearly on the table. on the table in a way that if i was to say a betting man right now, you know, there's going to be some tax increase for 250 and above. liz: i say a million. >> there's going to be a tax bracket increase. here's where the republicans are looking to cut their deal. they are looking to cut a deal on other taxes, if they agree to that, will the democrats scale back on maybe dividend taxes and the tax i hear on the table, big-time for republicans is amt. alternative minimum tax, talking about a big number of people getting brought in, they are looking to scale that back. and that's where we are right now. the deal with the republicans i hear want to do is something t
but first some details on the fiscal cliff negotiations. >> let's go through this really quick. here's what we know, we hear from our sources in washington, these are good sources, they're getting this directly from the legislative leaders themselves or the staffers on the various committees that the republicans appear willing to raise taxes on the wealthiest part of the deal, the upper brackets are clearly on the table. on the table in a way that if i was to say a betting man right now,...
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Dec 28, 2012
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. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that. >>> this afternoon's meeting feels like optics, to make it look like we are doing something. let me say one more time, this is a total dereliction of duty at every level. i have been surprised that -- the president has not laid out a very specific plan to deal with this. but candidly, congress could have done the same. and i think that the american people should be disgusted. >> this's just four days until washington drives off the so-called fiscal cliff. something both democrats and republicans have called a worst case scenario. is temporarily going tv cliff is a best-case scenario for all
. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that....
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Dec 7, 2012
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, we are about to jump over a fiscal cliff and we have the 16.$3 trillion debt and they are focused on a few people who points out the problem. >> congressman amash, what is your interpretation of this is what do you say to the speaker s. who is denying the votes have anything do with this? >> thanks for having me on, sean. it was pretty clear there was a scorecard. they haven't denied that. but they continue to insist that wasn't the reason. it doesn't make any sense to me. if there was scorecard, and we've heard there is, then show it to us. let us see what the scorecard says. and i will bet that the reason they don't want to show it, i think it's pretty obvious, that if you were fiscally responsible, you were docked on the scorecard. you were actually marked down in the republican conference for being fiscally responsible. and we were sent here to represent the american people. the vast majority of americans want us to come here and work together to balance the budget. >> congressman huelskamp, i'm a conservative, i'm even registered conservative in new york. i'm not a registered re
, we are about to jump over a fiscal cliff and we have the 16.$3 trillion debt and they are focused on a few people who points out the problem. >> congressman amash, what is your interpretation of this is what do you say to the speaker s. who is denying the votes have anything do with this? >> thanks for having me on, sean. it was pretty clear there was a scorecard. they haven't denied that. but they continue to insist that wasn't the reason. it doesn't make any sense to me. if...
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Nov 29, 2012
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you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap your at the president. he said this is a moment for adult leadership. the white house does have to get serious on spending cuts and entitlement reform. the republicans are trying to shift the discussion in this debate over to the spending that side. the entitlement reform side. the president hammering them on the tax side of it. especially spending, extending the bush tax cuts for the middle class. connell: are you noticing a difference? is that the way it is shaping up today that the democrats are more optimistic than the republicans because republicans do not think they are getting what they are wanting? >> i watch these press conferences and publii events and s
you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap your at the president. he said this is a moment for adult...
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Oct 10, 2012
10/12
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FOXNEWSW
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the new york democratic senator says it is very crucial that washington, dc, avoid a fiscal cliff by get back did work. if it take as lamb duck congress to hammer a way out of the expires tax rates and budget cuts, hop on to it. and a republican senator agrees with that. what is the right deal for you? >> not the direction that senator schumer is talking about chuck schumer has carved out a place for himself well outside the main stream arguing that this is no scenario where we can lower the marginal rates which is inconsistent with what every bipartisan group has looked at to addressing our budget problem on the tax side. the rational thing to do is to have a more pro growth sensible tax policy with lower marginal rates and offset the lost revenue by squeezing the value of deductions and write offs and loopholes. that is the way to generate revenue. to keep marginal rates as he has advocated, even, to raise them above where they, that is counterproductive for economic growth. >>neil: he is talking about letting the bush rates expire for the richest. you argue this is not the time to
the new york democratic senator says it is very crucial that washington, dc, avoid a fiscal cliff by get back did work. if it take as lamb duck congress to hammer a way out of the expires tax rates and budget cuts, hop on to it. and a republican senator agrees with that. what is the right deal for you? >> not the direction that senator schumer is talking about chuck schumer has carved out a place for himself well outside the main stream arguing that this is no scenario where we can lower...
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Dec 28, 2012
12/12
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. >> gallup says they're 68% on if fiscal cliff, but clarence page, you covered congress. you covered the hill in washington for some time better than -- >> long time, yeah. >> better than most that i've known. have you ever seen a congress like this? and do you think that it is that they are so etiological? >> on the republican side, you'll have a lot of tea party folks and others who are worried about being challenged in primaries coming up in 2014. and they don't produce anything, that's fine. the more they block things, the better. and especially when it comes to anything involving raising taxes. they don't want to raise any taxes because they can see the attack ads already. and they're districts, i'm talking about in the house, in particular. you've got districts that have been carved. there's only half a dozen republicans in the house. i think that's mentioned in the article. there's only about six republicans in the house that are in districts that are friendly to democrats. the rest are pretty solidly republican districts and they don't lose any points by holding t
. >> gallup says they're 68% on if fiscal cliff, but clarence page, you covered congress. you covered the hill in washington for some time better than -- >> long time, yeah. >> better than most that i've known. have you ever seen a congress like this? and do you think that it is that they are so etiological? >> on the republican side, you'll have a lot of tea party folks and others who are worried about being challenged in primaries coming up in 2014. and they don't...